Judge Lets Stock Perps Trade, Says CFTC Likely Overstepped
Stock perpetual futures can keep trading on Kalshi, Coinbase Derivatives and Bitnomial for now after a federal judge denied an emergency bid to halt them Tuesday, while finding that the Wall Street-backed challengers are likely to prove the CFTC overstepped its authority. U.S. District Judge Valerie Caproni denied the temporary restraining order on Nov. 3
